muses of the moment

November 30, 2012

The Truth is in the Revision

Filed under: John Williams shadowstats, Odds 'n ends, The Financial Crisis — Tags: — totallygroovygirlfriday @ 2:22 pm

As always the imaginary number gets the ehadline, but the “revised” stat is buried on the back page 6 months later.

Here is a summary from John Williams at

Third-Quarter 2012:
– Revised GDP Growth Was Flawed and Statistically Insignificant
– GDI (Theoretical GDP Equivalent) Rose 1.7%,
With Second-Quarter Falling into 0.7% Contraction
– Durable Goods Quarterly Contraction Deepened in Revision
– New Homes Sales Quarterly Gain Largely Revised Away


Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Create a free website or blog at

%d bloggers like this: